Sole trader accounting
Straightforward accounting and tax support for self-employed business owners, with a clear fee and an accountant when you need one.
From £49 per month
Self Assessment
Your annual tax return, prepared and filed for you, with your tax bill and payments on account explained before anything is submitted.
How we help
- Prepare your accounts and work out your taxable profit
- Complete and file your tax return online with HMRC
- Explain your tax bill and payments on account
- Remind you what’s due and when
Each year
- We send you a list of what we need after the tax year ends (5 April)
- You share your complete records and the information we request by 31 October
- We prepare your return and explain your tax bill
- You approve it and we file it with HMRC ahead of the 31 January deadline
31 October: To give us sufficient time to prepare and file your Self Assessment return ahead of the 31 January deadline, please provide complete records and requested information by 31 October.
Making Tax Digital for Income Tax
Making Tax Digital (MTD) changes how many sole traders and landlords report their income. If it applies to you, you’ll need to keep digital records, use compatible software and send HMRC a summary of your income and expenses every quarter, as well as your tax return by 31 January.
Does it apply to you?
- From 6 April 2026qualifying income over £50,000
- From 6 April 2027qualifying income over £30,000
- From 6 April 2028qualifying income over £20,000
Qualifying income is your total income from self-employment and property before expenses. HMRC uses the figures from your earlier tax returns to decide when you need to start.
Who it’s for
- Self-employed people with straightforward business income
- Freelancers and consultants
- Sole traders who want their tax return handled properly
What your price depends on
- Turnover
- Number of transactions
- Whether you need bookkeeping or VAT returns
- Other income, such as property or foreign income
- The state of your records
All prices are total prices — no VAT to add.
Software included
We work with QuickFile, and the standard software licence required for your Blond Wolf service is included within your agreed monthly fee.
Third-party integrations and premium external apps are not included unless your proposal says so.
How working together works
Tell us about your business
Describe your business and what you need.
We review your needs
We check the scope of work your business requires.
Receive your proposal
An estimate or a tailored proposal, in writing.
Agree the scope and start
Scope and fee are confirmed before any work begins.
Common questions
When is the Self Assessment deadline?
Your online return and any balancing payment are generally due by 31 January after the end of the tax year (5 April). If payments on account apply to you, the first is due by 31 January and the second by 31 July. Please send us your complete records by 31 October so we have time to prepare your return.
What do I need to send you for my tax return?
Your business income and expenses, business bank statements, and details of any other income such as employment, savings interest or dividends. We send you a checklist each year.
Does Making Tax Digital apply to me?
It depends on your qualifying income (income from self-employment and property, before expenses) in a specific earlier tax year, and on your circumstances. The thresholds are over £50,000 from April 2026, over £30,000 from April 2027 and over £20,000 from April 2028. Some people are exempt or can apply for an exemption. We’ll check your position against HMRC’s rules for you.
Are MTD quarterly updates included?
They’re usually extra to the Sole Trader Digital plan. Whether you need them, and the scope and price, are confirmed in your proposal.
Is rental or foreign income included?
Not automatically. Property and foreign income are reviewed individually, and we’ll tell you before you sign whether they change your fee.
Should I become a limited company?
It depends on your profits and plans. A Business Structure Review looks at this in detail. See consultation options.